Dumping is a trade practice in which countries sell goods in a foreign market at cheaper prices than the goods can be produced domestically.

What is the key idea of classical growth theory that leads to the dismal outcome?

What will be an ideal response?

The demand for agricultural products:

A. has a price elasticity coefficient of about 0.20 to 0.25. B. is elastic with respect to income but inelastic with respect to price. C. has been decreasing about 8 percent per year. D. has been rising more rapidly than the national income.